What should I do to structure a loan?

What should I do to structure a loan?

Loan restructuring transactions, credit How to configure? Information about how to configure the loan is included in our article. Loans are one of the most beautiful products offered by banks. We can solve such problems by applying to banks in case of urgent cash needs. If you have borrowed from banks, you already know how the general process is progressing. However, if you do not correctly analyze your needs before using a credit, you may also experience payment problems .

If you apply for and use more credit than you need, you may experience problems with installment payments. In order to avoid such problems, you should analyze your needs correctly without using the credit. You can also refer to the options for configuring this credit if you have difficulty with your credit payments. If you feel that you cannot pay the loan, you can go through ways to configure it before legal proceedings begin.

What should I do to structure a loan?

With the law amended in September 2016, it is possible to say that consumer loans are limited to 48 months. It is not possible with the law to use loans from banks (except campaigns) for 48 months. However, according to the regulation, banks started to provide consumers with the option of maturity up to 72 months if the consumer loans and credit cards could not be paid. In other words, it is possible to say that you can configure your debts in credit cards and debts that you cannot pay by negotiating with the banks up to 72 months . It is also important to note that you have 1 right for this kind of configuration and that different interest rates will apply.

Since you can only benefit from this configuration once , you have to make good evaluations. You should analyze your debts with banks well and choose the debt you have the most difficulty in paying. If you have a single debt and the amount is low, you can close the credit card without going through the configuration path and install it in this way. However, since this option is not available in every bank, you can contact your bank first.

72 Months Can I Configure in Installments ?

It is possible to say that the banks are looking for certain conditions in order to benefit from the 72 month loan restructuring . We have to say that you have a positive credit history in this configuration option that every consumer can benefit from once. In other words, the fact that you have a credit or credit card debt that was previously dropped to legal proceedings can be shown as one of the obstacles to this configuration option. If you have a regular credit record and do not fall under legal follow-up, you can use the configuration options.

How to Configure Credit?

In the first part of this article, we said that certain conditions are also sought in credit structuring process. If you feel that you meet these criteria, you can contact the bank immediately. When you go to the bank, the bank employee makes a new loan application on your behalf if you meet the configuration criteria. With this application, your credit or credit card enters the configuration process. Before you can make this application , however, you must calculate your monthly income balance and analyze whether you can pay the configuration installments regularly. Making these payments regularly affects the credit rating positively. It is possible to say that if you make irregular payments during the structuring phase, your record will be affected negatively. For this reason, you should choose the right maturity options while you are doing credit structuring .

What will happen after structuring the loan?

The purpose of the configuration is to extend the consumer makes it easier to make payments . As we mentioned in the upper part of the article, you should determine the maximum monthly amount you will allocate for the loan payment before starting the configuration process and you should not have difficulty in the payment options that you will face. Once you’ve completed the loan restructuring process, all you have to do is pay monthly installments regularly and wait for the maturity. You can ask any questions about credit configuration in the comments section.